Markets
Chicago cattle futures—feeders in particular—dropped sharply on Tuesday. Hogs also slipped back.
Markets
U.S. livestock: Feeder cattle see sharp drop; hogs slip back
U.S. grains: Soybeans end higher, supported by crude oil; wheat rises, corn mixed
Chicago Board of Trade soybean futures closed higher on Tuesday, supported by rising crude oil prices and uncertainty about Midwest crop weather in the weeks ahead, while soyoil prices eased following a sharp two-day rally tied to stronger U.S. biofuel blending mandates.
Canadian Financial Close: Loonie down, Middle East tensions rise
Glacier FarmMedia | MarketsFarm – The Canadian dollar closed lower on Tuesday as the conflict between Israel and Iran continues to escalate. The loonie finished the day at US$0.7351 or US$1=C$1.3603, compared to US$0.7376 or US$1=C$1.3558 on Monday. The United States Dollar Index jumped 0.81 of a point at 98.81. U.S. President Donald Trump urged for Iran’s […] Read more
North American Grain and Oilseed Review: Canola hangs on to increases
CBOT corn mixed as soybeans, wheat swing upward
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures managed to close higher for a third-straight day on Tuesday, after recovering from late session losses. Pressure on the Canadian oilseed came from a correction to the downside in Chicago soyoil following the latter’s upward surge. However, canola found support from gains […] Read more
Pulse Weekly: Lentil prices in decline in Western Canada
Green lentils lose as much as seven cents/lb. this month
Lentil prices in Western Canada have seen a sharp decline over the past month, but weather events could provide a bit of a boost.
ICE Canola Midday: Rallying for a third day
But less support out of Chicago
By Glen Hallick Glacier Farm Media | MarketsFarm – The rally in canola futures on the Intercontinental Exchange continued late Tuesday morning, with an analyst noting traders are skeptical about rain in the Prairie forecast. “Canola is still a rocket ship,” the analyst said. He added that if the rain does fall over the region […] Read more
Klassen: Feeder market follows wholesale beef higher
For the week ending June 13, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. Steady demand underpinned a week of lower auction market volumes.
Global Markets: Trump leaves G7 to deal with Israel-Iran war
Israel attacks again, killing top general
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump left the G7 summit Monday night, returning to Washington to deal with the escalating war between Iran and Israel. A joint communique from the G7 called […] Read more
ICE canola posting gains early Tuesday
Glacier FarmMedia — The ICE Futures canola market was holding onto small gains Tuesday morning, although activity was choppy as values ran into resistance to the upside. After rallying sharply higher for two straight sessions on the back of shifting biofuel policies out of the United States, canola was thought to be due for a correction […] Read more
Canadian Dollar and Business Outlook: Loonie retreats, crude oil rises
Glacier FarmMedia | MarketsFarm – The Canadian dollar took a small step back on Tuesday morning. The loonie was at US$0.7362 or US$1=C$1.3583 as of 8:33 a.m. CDT, compared to Monday’s close at US$0.7376 or US$1=C$1.3558. The United States Dollar Index was up 0.14 of a point at 98.13. The escalating conflict between Israel and Iran […] Read more
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